Bitmine adds $68M in ether on rising ETH-BTC ratio

Bitcoin treasury firm turned ether-accumulator Bitmine added $68 million in ether, closing in on its 5% accumulation goal for the asset. Chairman Tom Lee pointed to a strengthening ETH-BTC ratio and rising institutional demand as catalysts for further upside.

• The purchase continues Bitmine's recent pattern of periodic ETH buys, including its largest since June.
• Lee maintained a strong Q3 outlook as the company stepped up accumulation.